With increasing data needs and shortage of data talent, there is a huge demand for Rivery’s 100% SaaS solution for building an efficient and scalable data stack.
NEW YORK, May 24, 2022 /PRNewswire/ — Rivery, the SaaS ELT today announced a new venture funding round led by Tiger Global Management alongside existing investors State Of Mind Ventures and Entry capital. This funding follows last year’s A round, bringing the total venture capital raised to date to $48 million. Rivery’s product-led growth has accelerated significantly since the launch of the Pay As You Go program in December 2021, which is growing at a rate of 50% month-over-month. This new pricing model complements the existing self-service experience plan, which opens the door for any type of business that wants to get started immediately with Rivery.
Rivery provides a unique end-to-end ELT solution that covers the key processes to create the optimal data stack: ingestion, transformation, orchestration, and reverse ETL. Teams can choose from the different modules to build their ideal data infrastructure. Before Rivery, companies had to rely on legacy ETL platforms that weren’t built for the cloud and lacked the flexibility to scale. By streamlining and unifying the way data stacks are built, maintained and automated, Rivery helps companies unlock the value of data with a complete SaaS solution suitable for businesses that need to scale quickly. In addition to helping data teams stay lean and nimble to grow, it avoids the costly and complex issues of managing fragmented data stacks that rely on multiple disjoint tools.
Used by more than 300 customers worldwide, Rivery’s approach to data management is a generational technology leap that integrates automation and actionable logic into traditional ETL/ELT data processes (extraction, transformation and loading ). Some of the fastest growing cloud-native companies in the world, including EMAAR, Bayer, Webedia, BuzzFeed, Papaya Global, American Cancer Society, NEXT, and WalkMe, use Rivery as their backend engine to power their data stack.
The new funds will help accelerate business growth across all teams in New York and the Tel Aviv headquarters, including R&D, product and sales, as well as expansion into EMEA where a London office was launched to focus on the regional market. Additionally, Thibaut Ceyrolle, who founded the EMEA division of Snowflake, has joined Rivery’s board of directors to lead and define the company’s growth strategy in the EMEA region.
Itamar Ben Hemo, CEO of Rivery, said, “Businesses need to scale faster than ever, which means data teams need to do more with less. By offering an end-to-end fully SaaS solution at the core of their data stack, Rivery plays a pivotal role in providing unlimited scalability. This funding is an important step that will help us grow our global presence, making Rivery a de facto tool that enables businesses to unleash the unlimited power of their data.
Rivery provides a complete SaaS ELT for organizations that need to move rapidly with data, with a solution to build, maintain and automate a modern data stack. Rivery’s ability to orchestrate and unlock the value of data hinges on his ability to democratize the task across business and data teams, making data savvy an enterprise-wide passion and, ultimately, driving successful data strategies. The world’s largest companies, including Bayer, BuzzFeed, the American Cancer Society and EMAAR, trust Rivery with their data. Learn more about Rivery at https://rivery.io/